1788 Cognac sells for euro25,000 at Paris auction

AP News
Posted: Dec 08, 2009 11:50 AM

A bottle of 1788 Vieux Cognac has sold at a Paris auction of wine and spirits for euro25,000 ($36,935).

The cognac, which pre-dates the French Revolution by a year, was part of a sale of 18,000 bottles from Paris' Tour d'Argent. The restaurant has one of the best wine cellars in the world.

The restaurant donated the sum earned from the 1788 cognac to a French charity called Association Petits Princes, which grants the wishes of ailing children. It will keep most of the proceeds, which may later help pay for renovations.

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The total sales figure is to be announced later Tuesday, after the two-day sale by the Piasa auction house ends.